Whirlpool Chairman and Chief Executive Jeff Fettig to quit as CEO

said Tuesday Chairman and Chief Executive Jeff Fettig will relinquish his role as CEO in October but continue to serve as chairman of the board. Fettig has served as chairman and CEO since 2004. The board has named Chief Operating Officer Marc Bitzer as the new CEO. Whirlpool shares were flat in late trade after closing down 1.2% to $194.56.